The online flagship store allows over 300 million Ctrip members to access Hyatt hotels in the Greater China region and will extend to Hyatt hotels globally in the near future.

The Hyatt flagship store offers Ctrip's loyalty members access to attractive rates at Hyatt hotels and resorts around the world. Ctrip members who log on to the flagship store will be able to join World of Hyatt, Hyatt's global loyalty program. The Hyatt portfolio includes various high-end hotel brands, including: the luxury Park Hyatt brand; premium Grand Hyatt and Hyatt Regency brands; lifestyle Andaz, Hyatt Centric and The Unbound Collection by Hyatt brands; and modern essential Hyatt Place and Hyatt House brands.

"The collaboration presents a win-win setting for both companies and represents a milestone in the travel industry distribution archetype. The flagship store is the outcome of several months' hard work by cross-functional teams at the two companies, including R&D, product, marketing, legal and more, working collaboratively and quickly. We have found so much team spirit in both companies, and we are really impressed by the passion and hard work through nights and over weekends to make this happen," said Ray Chen, Ctrip's Hotel business unit CEO.

As a result, Hyatt hotels will receive increased exposure on Ctrip platforms, intended to contribute incremental revenue and business from Chinese travelers along with the global Chinese community. The two brands will continue to work together to provide a new cooperative experience for customers.

"We are very excited to be working with Hyatt on our online flagship hotel store. With the ever growing number of outbound Chinese travelers, we are always looking for ways to provide better services for our members. With the Hyatt flagship store, we are able to offer more benefits and shared offers," said Ctrip's Ray Chen. "With the diverse range of hotels offered by Hyatt, Ctrip members who are also World of Hyatt members can enjoy special rates to more than 700 hotels and resorts globally."

"We want Hyatt hotels to be top of mind for travelers however they choose to book, and we are pleased to work with Ctrip to launch this flagship store," said Stephen Ho, President - Greater China, Global Operations, Hyatt. "Ctrip has a huge consumer base in China, and it's an important priority for Hyatt to cater to the growing number of Chinese travelers who are crossing countries and continents more than ever before. We look forward to welcoming these guests to Hyatt hotels all around the world."

The collaboration between Ctrip and Hyatt marks a step in Ctrip's continuous efforts to provide cost-effective, convenient, high-quality and seamless travel experiences on its various platforms. Ctrip Group will continue to pursue ways to provide members with the best rates and better services to become a one-stop travel shop, and invite more global partners to be featured on Ctrip platforms.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2023, the Company's portfolio included more than 1,300 hotels and all-inclusive properties in 76 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson Hotels®, Dream® Hotels, Hyatt Centric®, and Caption by Hyatt®; the Independent Collection, including The Unbound Collection by Hyatt®, Destination by Hyatt®, and JdV by Hyatt®; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa Resorts, Secrets® Resorts & Spas, Breathless Resorts & Spas®, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable when made, are inherently uncertain, and are subject to numerous assumptions and uncertainties, many of which are outside of Kiraku, Inc. or Hyatt's control, which could cause actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Forward-looking statements made in this press release are made only as of the date of their initial publication and neither party undertakes an obligation to publicly update any of these forward-looking statements as actual events unfold, except to the extent required by applicable law. If one or more forward-looking statements is updated, no inference should be drawn that any additional updates will be made with respect to those or other forward-looking statements.